Neo Ivy Capital Management Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Neo Ivy Capital Management bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,130 shares of the company's stock, valued at approximately $730,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter valued at about $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the second quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. raised its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on KMB shares. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Wednesday, October 23rd. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $149.93.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company's stock.

Kimberly-Clark Trading Up 0.2 %

Kimberly-Clark stock traded up $0.28 during trading on Thursday, reaching $130.89. The company had a trading volume of 1,760,530 shares, compared to its average volume of 2,115,716. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock's 50 day moving average price is $137.45 and its two-hundred day moving average price is $139.37. The firm has a market capitalization of $43.65 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.83 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analysts' expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 EPS. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.73%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.